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Daily analytical report (27/12/16)

  • Gold and silver fighting for the end of a mid-term downtrend or maybe it is just a take profit action before the end of the year?
  • Most of the instruments closed in short-term pennants or a rectangles. It’s a result of a flat market.
  • EURJPY with a correction equality pattern and a head and shoulder formation.
  • Nasdaq in a rectangle, SP500 in a pennant, both showing bullish potential.

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